Registration for Index-Linked Annuities Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 30, 2021)
Registration for Index-Linked Annuities Act
This bill requires the Securities and Exchange Commission (SEC) to create a new form for the registration of index-linked annuities to ensure that a purchaser can make a knowledgeable decision.
The bill defines a registered index-linked annuity as an annuity that is deemed a security, that must be registered with the SEC, and that is issued by an insurance company subject to state supervision. Furthermore, the returns of these annuities (1) are based on the performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.
What just happenedJul 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Who’s behind it
- Introduced in HouseJul 30, 2021
- Jul 27, 2022Committee
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Financial Services Committee - Jul 27, 2022Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Jul 30, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 30, 2021IntroReferralIntro-H
Introduced in House
- Jul 30, 2021IntroReferral1000
Introduced in House